Twitch is a video platform dedicated to gaming which allows you
to broadcast, spectate and discuss games. Take Two (the company who
owns Rockstar and 2K) joined the investment firms WestSummit
Capital and Thrive Capital in funding the company, although exactly
how the contributions divide up has not been disclosed.

A statement from Twitch's COO, Kevin Lin, indicates that the
money will be used to help the platform expand into new
markets:

"Gamers today have a healthy appetite for both producing and
consuming live video game content, so it's vital that we're not
only keeping pace with them, but staying one step ahead," said Lin.
"With the investments from Thrive Capital, WestSummit Capital, and
Take-Two Interactive, it ensures we can more effectively grow and
tap into new markets."

You may already know Twitch from its growing reputation for
streaming eSports events or if you've spent hours playing Salty
Bet but the platform will also be part of the next generation
of consoles. As such, the money will also help ensure Twitch
doesn't fall over when the Xbox One and PS4 are released in
November.

"Given the excitement surrounding Microsoft and Sony's upcoming
video game consoles, Twitch will be in a lot of living rooms this
holiday season," said Lin. "Their intuitive and accessible
integration of Twitch removes the barriers to entry which casual
broadcasters currently face, so we expect traffic numbers to soar
when these consoles launch."

The rest of the funding will go into developing the platform and
its advertising models further.